Steele Capital Management Inc. Sells 4,109 Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Steele Capital Management Inc. reduced its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 1.8% in the first quarter, HoldingsChannel.com reports. The firm owned 222,809 shares of the company’s stock after selling 4,109 shares during the period. iShares Morningstar Mid-Cap Value ETF comprises about 0.9% of Steele Capital Management Inc.’s investment portfolio, making the stock its 26th largest holding. Steele Capital Management Inc.’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $16,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter worth approximately $42,000. Revisor Wealth Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth approximately $211,000. LaFleur & Godfrey LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter worth approximately $218,000. Harbour Investments Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 109.5% in the 3rd quarter. Harbour Investments Inc. now owns 3,658 shares of the company’s stock worth $222,000 after buying an additional 1,912 shares during the last quarter. Finally, TIAA Trust National Association purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter worth approximately $244,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV traded down $0.54 during midday trading on Monday, reaching $69.70. The company’s stock had a trading volume of 12,998 shares, compared to its average volume of 24,242. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $57.34 and a 12-month high of $72.79. The firm has a 50 day moving average price of $70.87 and a 200-day moving average price of $69.35. The stock has a market capitalization of $599.42 million, a P/E ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a $0.3668 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 2.11%.

About iShares Morningstar Mid-Cap Value ETF

The iShares Morningstar Mid-Cap Value ETF (IMCV) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Value index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their value characteristics. IMCV was launched on Jun 28, 2004 and is managed by BlackRock.